Best Laid Plans...

Hello all,My intentions were not to send an update for another week, yet a couple of noteworthy items I felt important to get in your hands - realizing what I share may not be 'new' due to information bombardment that comes at all daily. What's that about the best laid plans..

2017 projected harvest price - Here's the latest averages, with 2 trading days to go, these numbers will not change significantly. Prices are softer when compared to last week's averages. Next update will include final prices for all below, plus the prices for each dry pea type from RMA.

Canola - The latest Agriculture and Agri-Food Canada (Canadian USDA equivalent) report shows the largest correction to carryover stocks of nearly 1mt to the lowest level in 4 years. The latest USDA report suggest canola meal imports by China skyrocketing. This news may be too late for impacting 2017 spring prices, but does suggest a strengthening market.

Pulses - Dan from Columbia Grain sent out this link late last week, of a potential change in the landscape of Indian imports.

Markets - Export inspections of all US grains remain brisk and above USDA projections. South American crop yields remain very high, however recent weather is preventing harvest of ready crops. Reports of quality issues are negatively impacting price and production, some analysts believe this is not priced the current market prices.